MoU signed with ITM Power

RNS Number : 7146X

Good Energy Group PLC

10 May 2016

 

Good Energy Group PLC

("Good Energy" or the "Company")

Good Energy Group PLC to explore green electricity tariffs with ITM Power at its refueling stations across the UK

Good Energy Group PLC ("Good Energy" or "the Group"), the AIM quoted renewable electricity supplier and generator, is pleased to announce that it has signed a Memorandum of Understanding with ITM Power (AIM: ITM), the energy storage and clean fuel company to explore green electricity tariffs for hydrogen production at its refueling stations across the UK.

Good Energy and ITM Power will explore the provision of renewable energy contracts and direct coupling to renewable power generation in their portfolio for the production of hydrogen fuel across the UK.

Juliet Davenport, Good Energy founder and Chief Executive said:

"At Good Energy we're proud to be working with ITM Power on this cutting-edge technology which can play a big part in the energy future of the world. The opportunities to work with ITM power to see how we can integrate the transport, heat and electricity market are really exciting, and we think we are a great fit to supply zero carbon renewable electricity for this inspiring venture."

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Enquiries:

Good Energy Group PLC Juliet Davenport, Chief Executive Denise Cockrem, Chief Financial Officer	Tel. [phone]
Arden Partners plc (Nominated Adviser and Broker) Steve Douglas, Michael McNeilly	Tel: [phone]
Camarco (Financial PR Adviser) Geoffrey Pelham-Lane, Billy Clegg, Georgia Mann	Tel: [phone]
Good Energy Press Office Luke Bigwood	Tel: [phone]

Notes to editors:

- Good Energy is a fast-growing 100% renewable electricity supply and generation company, offering value for money and award-winning customer service.

- An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

- The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last four years.

- It now has more than 68,000 renewable electricity customers and 38,800 gas customers. It also provides Feed-in Tariff administrative services to more than 112,600 sites. (All figures as at 31 December 2015.)

- Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

- Good Energy has won a number of awards including Business Green Company of the Year 2015, British Renewable Energy Association Leadership Award 2015 and, for the second year running, Small Cap Awards - Social Impact Company of the Year.

 

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